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Automated Suturing Devices Market Segmentation by Product Type - Disposable | Reusable
Newly-released Automated Suturing Devices Market analysis report by Persistence Market Research shows that global sales of Automated Suturing Devices Market in 2021 was held at US$ 3.0 Bn. With 8.7%, the projected market growth during 2022 - 2032 is expected to be slightly higher than the historical growth. Disposable Automated Suturing Devices type is expected to be the highest revenue generating segment, projected to grow at a CAGR of over 8.9% during 2022 – 2032.
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Attributes |
Details |
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Automated Suturing Devices CAGR% (2015 – 2021) |
8.1% |
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Automated Suturing Devices Market Size (2022) |
US$ 3.2 Bn |
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Automated Suturing Devices, Market Size (2032) |
US$ 7.5 Bn |
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U.S. Market CAGR (2022 – 2032) |
9.1% |
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Key Companies Covered |
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As per the Global Automated Suturing Devices Market research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2015 to 2021, market value of the Automated Suturing Devices Market increased at around 8.1% CAGR.
The key revenue drivers which affected the Automated Suturing Devices Market is the rise in chronic diseases such as cancer (currently there are more than 200 types of cancer in the world), diabetes, heart disease, and other diseases which lead to increased surgery, which is expected to be followed by higher adoption of automated suturing devices. Globally, chronic illness and disease are on the rise. The growing number of elderly individuals, as well as changes in social behavior, are contributing to the rise in these common and chronic health issues.
The middle-class population is expanding, and as the city expands, people’s lives expand at the same rate. Obesity and disorders like diabetes are more likely as a result. Chronic disease prevalence climbed by 57% by 2020, according to the World Health Organization. Emerging markets will be badly hit, as population growth in emerging countries is likely to be significant. Chronic sickness has resulted in an increase in demand for automated suturing devices.
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Get a Customized VersionThe key factor which is propelling the automated suturing devices is the rising numbers of the geriatric population which eventually increases the chronic disease number, according to 2016 WHO report, the average global surgery rate was 4,469 procedures per 100,000 persons per year. The average doctor-to-patient ratio worldwide is less than 80:1000, with Qatar having the highest ratio at 77.4:1000 and Guinea having the lowest at 0.1:1000. There has also been a significant increase in the number of cases of accidents and trauma, with India ranking third globally with the highest number of accidents in 199 countries, followed by China and the United States.
The rising number of heart surgeries is fuelling the market of automated suturing devices. This open market segment for automated suturing equipment is projected to grow at a rate of 6.1% by 2027. As the number of older people increases, the incidence of heart disease increases, and the number of open surgery increases. According to the American Heart Association, about 500,000 open heart surgeries are performed each year in the United States.
The automatic suture device works with minimal incisions, low blood loss, reduced needle trauma, and infection-free suturing that plays an important role in the outcome of surgical procedures. It reduces sewing time by 25%, resulting in hospital efficiency and cost savings. The automated suturing devices can articulate and rotate the entire arm from 180° to 360° which causes ease of use to the doctors.
Products such as surgical staplers, medical tapes and band aids, zippers and surgical sealants can hamper the growth of automated suturing devices. Doctors use a skin stapler to quickly close long skin lesions or cut out hard-to-reach areas. Also the Staple seeds dissolve in the body (that is, they are absorbed).
Doctors also use duct tape to join the edges of small skin wounds. Skin tapes are less expensive than other types of material used to cover wounds. However, the tape can lose adhesion over time, especially if it gets wet.
Zippers are a traditional alternative to sutures. Here the wounds to be treated requires regular monitoring by the doctors. It consists of a zipper and two ties which are placed on either side of the wound and cut to size after surgery. When the zipper is closed, it pulls the edges of the skin together. Studies have shown that removal is not painful, so it may be a good option for children as well.
Doctors also use surgical glue, also known as "tissue adhesive" or "liquid sutures," to cover large and small wounds, such as lacerations, lacerations during laparoscopic surgery, and injuries to the face or chest.
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During the projection period, North America is expected to be the largest Automated Suturing Device Market. The North American automated suturing device market accounted for more than 34% of the 2020 revenue share of the region, with a dramatic increase in surgery, number of road accidents and injuries.
According to the Safe International Road Travel Association, about 4.4 million people are injured each year in the United States. This renews the need for automatic insertion to successfully complete the operation. In addition, the ability to take advantage of advanced health care and the adoption of automated devices will have a positive impact on the growth of the region. The growth in market share of the region is also attributed by the well-developed infrastructure, adoption of automation in every sector, rising incidence of surgeries and accidents, industrial injuries and increase in healthcare spending.
By 2020, US national health care (NHE) expenditure increased by 9.7% to US$ 4.1 trillion, or US$ 12,530 per capita, accounting for 19.7% of gross domestic product (GDP). By 2020, Medicare spending will increase 3.5% to US$ 829.5 billion, or 20% of NHE's total spending. By 2020, Medicaid increased 9.2% to US$ 671.2 billion, 16% of the total. According to NHE. Private health insurance spending will decline 1.2% to US$ 1,151.4 billion by 2020. That's 28% of NHE's total spending. Much faster than the 5.9% growth in 2019. This rapid growth was mainly due to the COVID-19. Hospital costs increased 6.4% to US$ 1,270.1 billion by 2020, slower than the 6.3% increase in 2019. Health and services costs increased 5.4% to $ 809.5 billion by 2020, the fastest growth by 2020, and the fastest growth rate of 4.2% in 2019 which helped the Growth of Automated Suturing Devices industry.
US Automated Suturing Devices Market Analysis
The United States is expected to account for the highest market of US$ 3 Bn by the end of 2032. It is expected to be projected to have an Absolute Dollar Growth of US$ 1758.9 Mn. This is due to several factors such as an increase in the incidence of chronic diseases, an increase in accident and trauma cases (in 2021, 12.15 Mn vehicles were involved in traffic crashes in the U.S.), an increase in the number of geriatric population, developed healthcare facilities and presence of well-virtuous physicians. It is proclaimed that Automated Suturing Devices has proved to provide the best treatment for Surgeries in the U.S.
UK Automated Suturing Devices Market Analysis
Automated suturing devices market in the UK is projected to reach a valuation of US$ 267 Mn by 2032. The market in the country is projected to witness an absolute dollar opportunity of US$ 81 Mn, growing at a CAGR of 7.7% during 2022 – 2032.
Japan Automated Suturing Devices Market Analysis
Automated suturing devices market in Japan is projected to reach a valuation of US$ 240 Mn by 2032. The market in the country is projected to witness an absolute dollar opportunity of US$ 130 Mn, growing at a CAGR of 8% during 2022 – 2032.
South Korea Automated Suturing Devices Market Analysis
Automated suturing devices market in South Korea is projected to reach a valuation of US$ 150 Mn by 2032. The market in the country is projected to witness an absolute dollar opportunity of US$ 89 Mn, growing at a CAGR of 9.5% during 2022 – 2032.
Why Disposable type is projected to Witness Fastest Growth among Automated Suturing Devices Product Type?
Market revenue through Disposable type of automated suturing devices is forecasted to grow at a CAGR of over 8.9% during 2022-32. The use of a disposable automated suturing device is carried-out due to its effective cost than reusable devices and taking into account of patient safety, fiscal responsibility and environmental protection.
Instead of repairing, cleaning and sterilizing a used device, a healthcare provider can simply open a new one. Owing to this it has become common in many hospitals to use disposable devices as it offers convenience.
Key players operating in the Automated Suturing Devices market include Medtronic Plc, Boston Scientific, Becton Dickinson, EndoEvolution, LSI Solutions, Inc., Smith & Nephew, Inc., Braun Melsungen AG, Ethicon, Inc., Teleflex Incorporated, and DemeTech Corporation.
Some of the recent developments of key Neural Implants providers are as follows:
Similarly, recent developments related to companies in Automated Suturing Devices Market have been tracked by the team at Persistence Market Research, which are available in the full report.
By Product Type
By Application
By Region
The global Automated Suturing Devices Market is worth more than US$ 3.2 Bn at present.
The value of Automated Suturing Devices Market is projected to increase at a CAGR of around 8.7% during 2022 – 2032.
The value of Automated Suturing Devices Market increased at a CAGR of around 8.1% during 2015 – 2021.
The demand for stimulation devices has increased tremendously. The global demand for Automated Suturing Devices is being fueled by a considerable increase in the ageing populations and due to the increase of chronic diseases Globally.
The growth of the market for Automated Suturing Devices in China is projected to expand at a CAGR of around 10.3% during 2022 – 2032.
The growth of the market for Automated Suturing Devices in United States is projected to expand at a CAGR of around 9.1% during 2022 – 2032.
While the market in South Korea is expected to grow at nearly 9.5%, the market in Japan is projected to register a CAGR of nearly 8.0% during 2022 - 2032.
